Proposed Consent Agreement In the Matter of CoStar Group, Inc., Lonestar Acquisition Sub, Inc., and LoopNet, Inc., FTC File No. 1110172 #00004 

Submission Number:
00004 
Commenter:
Ronald Fredette
Organization:
KW Commercial NH
State:
New Hampshire
Initiative Name:
Proposed Consent Agreement In the Matter of CoStar Group, Inc., Lonestar Acquisition Sub, Inc., and LoopNet, Inc., FTC File No. 1110172

The merger of Costar + LoopNet is anti-competitive and will create a monopoly. This is not in the best interests of Commercial Real Estate Service Providers, the General Public and the Commercial Real Estate Community. The Commercial Real Estate Service Providers, the General Public and the Commercial Real Estate Community are critically dependent on service providers such as Costar and LoopNet, which generate independent research and provide critical data services, research and listing services to the general public on a cost compete basis. These services provided by Costar and LoopNet are considered by most users to be relevant and accurate. LoopNet and Costar are considered to be the only genuine and reliable providers of these critical services on a nationwide basis. To allow a merger of these two companies will create a monopoly. Excelligent while developing with similar services, has only 33 markets, and is not considered to be a genuine nationwide data source for these critical and necessary services currently provided only by Costar and LoopNet. In the event that Costar and LoopNet are allowed to merger, the users of these data services will be held captive to anti-competitive pricing. The integrity of these critical data services that the Commercial Real Estate Service Providers, the General Public and the Commercial Real Estate Community so desperately depend on will be compromised. This merger is considered anti-competitive, create a monopoly, will stagnate growth and cause irreparable harm and damage to a dependent general public and a recovering Commercial Real Estate Market.